Inter Parfums’ July-August better than anticipated, says DA Davidson

DA Davidson analyst Linda Bolton Weiser keeps a Buy rating and $187 price target on Inter Parfums after meeting with its management. The company has indicated that business was better than anticipated in July and August, with the U.S. fragrance market up about 12% last month, the analyst tells investors in a research note. The fragrance market is not slowing and new licenses are seen adding about 8% to 2024 expected sales, the firm added.